OECD annual inflation stable at 1.2% in December 2020 but signs of acceleration in the Euro area

 

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5 Feb 2021 - Annual inflation in the OECD area remained stable at 1.2% in December, for the third consecutive month. Energy prices declined by (minus) 6.5%, a slower pace than in November (minus 8.1%), while food price inflation slowed to 3.2%, compared with 3.4% in November. OECD annual inflation excluding food and energy, remained almost stable, for the third consecutive month, at 1.6% in December 2020. 

Consumer prices, selected areas
December 2020, percentage change on the same period of the previous year, %

 Source: Consumer price indices, OECD

 

Energy (CPI) and Food (CPI), selected areas
December 2018 – December 2020, percentage change on the same period of the previous year, %

     

 Source: Consumer price indices, OECD

 

Underlying data:  

• OECD, annual inflation
• G20, annual inflation
• OECD countries, contributions to annual CPI inflation by COICOP Division, current month (xlsx)
• OECD countries, contributions to annual CPI inflation, selected components, historical series (xlsx)

 

 

• Consumer prices FAQs
• Next publication date: 3 March 2021 - See all release dates
• Contacts: for further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate and Data on stat.contact@oecd.org
• Link to previous news releases
• More information on price indices at www.oecd.org/std/prices-indices
     

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